 "Arvind Subramanian, CEA")
Chief Economic Advisor Arvind Subramanian has been one of the most vocal critics of what he says have been ‘inconsistencies’ in ratings by the big three agencies when it comes to India vis-à-vis other emerging economies, especially China. Moody’s action was a clear recognition of the reform measures undertaken by the government, Subramanian told Dilasha Seth and Arup Roychoudhury. Edited excerpts:
Finally, we see a ratings upgrade for India. Do you feel vindicated?
It is a positive step. We have long argued that this was overdue because relative ratings of India versus other countries, China for example, were a bit skewed. And
